Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Restaurant Spending on Commercial Appliances/Capital Expenditures Down in November
Jan 3, 2013
 Printable format
 Email this Article
 Search

Sales and traffic in U.S. restaurants improved in November 2012, but restaurant operators still reported a dip in capital spending. 37% of operators said they made a capital expenditure for equipment, expansion, or remodeling in the last three months, reaching its lowest level in 32 months.

With the fiscal cliff looming, restaurant operators pulled back in capital spending plans for next six months. 45% of operators plan to make a capital expenditure for commercial appliances or other expenses in the next six months, down from 50% who said so in October.

Positive same-store sales and customer traffic results pushed the National Restaurant Association's Restaurant Performance Index (RPI) higher in November 2012, but not enough to get it over the 100 mark. The RPI, a measure of the health of the restaurant industry in the United States, was 99.9 in November, up 0.5% from October.

"The November gain in the RPI was driven by improving same-store sales and customer traffic levels, both of which registered their strongest performance in three months," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the association. "However, restaurant operators remain concerned about the direction of the overall economy, due in large part to the uncertainty around the fiscal cliff."

Back to Daily News

 

Daily News

...........................................................

Jul 21, 2014: Briggs and Stratton Plans to Scale Back Snapper Brand and Close Georgia Plant

Jul 18, 2014: Whirlpool to Pay $1 Billion for Indesit

Jul 18, 2014: BSH North America CEO Traub Leaving, Michael Steinle Taking Over

Jul 18, 2014: Report: Indians Spent $150 Million for Water Purifiers

Jul 18, 2014: MAPI Business Outlook: Manufacturing Continues to Ride the Growth Wave

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows